(NFBA) Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022. Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but also in China.
But the big question is: will these prices continue to fall in the months ahead? Patrick De Haan with GasBuddy says as he looks to 2023, he’s hopeful the New Year will not be a record setting one.
Oil prices have been trading on the upside, with West Texas Crude recently moving above the $80 per barrel mark, and gas prices spiked upwards last week, ending two months of decline.
